Background Pine Street Capital is a market-neutral hedge fund in the technology field and is facing market risk and has to decide which way to use in order to hedge the risk. It can either use short selling of NASDAQ or options hedging strategy. Each strategy has its own advantage in different economic conditions. As the fund has just gone through a volatile period in NASDAQ’s history‚ PSC has to choose between two choices. Choice 1: Continuing to hedge market risk by short selling Choice 2:
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NBER WORKING PAPER SERIES THE CAPITAL STRUCTURE DECISIONS OF NEW FIRMS Alicia M. Robb David T. Robinson Working Paper 16272 http://www.nber.org/papers/w16272 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge‚ MA 02138 August 2010 The authors are grateful to the Kauffman Foundation for generous financial support. Malcolm Baker‚ Thomas Hellmann‚ Antoinette Schoar‚ Ivo Welch‚ and seminar participants at the Kauffman/Cleveland Federal Reserve Bank Entrepreneurial Finance
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My position on this issue is that street drugs should not be legalized My main reasons for this conclusion are: Premise 1: They have no beneficial purpose Premise 2: It would affect the lives of kids even more Premise 3: This would endanger the lives of others even more Most street drugs have no beneficial purposes. There are not any street drugs that I can think of besides marijuana that can be used for medical purposes. The benefits of most street drugs are that they get you high‚ knock
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Capital punishment still takes place in the twenty-first century. The opinion on how much power the government should have when applying the death penalty punishment varies among different people. Even the religious leaders‚ judges‚ magistrates‚ scholars and lawyers hold different ideas when it comes to the issue of capital punishment. There are those who think that the government should have the authority to determine whether a person who commits a crime deserves to die or to live. Although the
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the individual. However‚ Hand suggests that students are given direction on what vocational occupations they should be prepared for‚ bidding the question who is deciding what occupation a person should or should not pursue at the conclusion of their schooling (Hand‚ 2010)? In agreement with Hand‚ I propose that education in the modern era is for society to firmly guide students into their occupational place in their community and society‚ through vocational education‚ with a limited consideration of
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Oliver Stone’s “Wall Street” is a critique on the hyper-materialistic society of America during the 1980’s. “Wall Street” not only explores American society during the 80’s but also criticizes the culture of excess and indulgence that marked the era. Broadly speaking‚ an entire generation of young Americans who came of age during Ronald Regan’s presidency would come to value the American ideals of prosperity‚ consumerism‚ and success. “Wall Street” is a representation of America during a period
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ASPECTS OF FINANCIAL by William A. Sahlman‚ CONTRACTING IN Harvard Business School VENTURE CAPITAL INTRODUCTION During much of the 1960s and 1970s‚ academic discussions of corporate capital structure routinely began with the assumption that a firm’s financing decisions had no material effect on its intrinsic economic value. Setting aside tax consequences and the possibility of a costly bankruptcy‚ the value of the firm was assumed to depend solely on the level and risk of a firm’s operating cash
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Inadequate source of capital Capital is the money invested into the business in order to start or grow a business. It is used to expand and improve the operations in the business. No business can be carried out without it. Therefore we can conclude that capital is one of if not the most important part in a business. When businesses are unable to accumulate enough capital in order to efficiently run and advance their business this leads to businesses not prospering. Investments In order
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Wall Street Journal Project ECNC 214 Susannah Carnahan 1. “With Jobs Elusive‚ Young Workers Quit Looking” written by Sara Murray. Found in Business section. Published on August 24‚ 2011. 2. UNEMPLOYMENT 3. In this article‚ the author is intending to show how many young workers are no longer looking for summer jobs because it has become increasingly difficult to find work. 4. In this article‚ the author describes why young workers are no longer looking for summer jobs nor are
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Capital punishment should be reinstated in the UK Hello ladies and gentlemen I am here today to talk about why I feel capital punishment should be reinstated in the UK. I have a dream to punish offenders for some of the heinous crimes they do. I have a dream to give justice to victims of horrifying crimes. I have a dream to keep our society free from such offenders. I have a dream to reinstate the death penalty. Now let’s start the speech with a simple question. Who thinks capital punishment should
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